Economic Growth Essays (Examples)

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How Economics Affects Nations

Words: 936 Length: 2 Pages Document Type: Essay Paper #: 49919524

Economics Questions
1. What is meant by “twin deficits”? Use this relationship between GNE and GNDI to explain your answer
Twin deficits take into account a circumstance where an economy is facing both a fiscal deficit as well as a deficit on the current account for the nation’s balance of payments. Therefore, the nation is facing both trade deficits and government budget deficits. This can elucidate the relationship between national income (GNDI) and the national expense (GNE). Notably,
GNDI = GNE + CA (current account)
GNDI > GNE if and only if CA > 0 and this is indicative of a surplus in the current account
GNDI < GNE if and only if CA < 0 and this is indicative of a deficit in the current account
2. Give an intuitive explanation that captures the relationship between the current account position (surplus or deficit) and role of the country as…… [Read More]

References

Caprio, G. (Ed.). (2012). The evidence and impact of financial globalization. Academic Press.

Cline, W. R. (2010). Financial globalization, economic growth, and the crisis of 2007-2009. Peterson Institute.

Investopedia. (n.d.). Current Account. Retrieved from: https://www.investopedia.com/terms/c/currentaccount.asp

Investopedia. (n.d.). J-Curve Effect. Retrieved from: https://www.investopedia.com/terms/j/j-curve-effect.asp

Yeyati, E. L., & Williams, T. (2014). Financial globalization in emerging economies: Much ado about nothing?. economía, 14(2), 91-131.


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Development and Growth in the Field of CED

Words: 1835 Length: 6 Pages Document Type: Essay Paper #: 56646688

Development and Growth in the Field of CED

Development and growth are some of the most commonly used terms in the field of community economic development. The field of community economic development (CED) focuses on promoting the involvement of a community when working with public and private sectors towards the creation of strong markets, industries, and communities. This field also focuses on encouraging the use of local resources in a manner that enhances economic opportunities while enhancing social conditions in a sustainable manner. Some of the most common examples of initiatives in this field include enhancing opportunities for disadvantaged members of the community and undertaking measures to overcome challenges.
Given the focus of community economic development, growth and development are two common terms in this field. These terms are sometimes used interchangeably in this field because they share some similarities. The use of these two terms interchangeably is also fueled…… [Read More]

References
Committee for Economic Development. (2003, May). How Economies Grow: The CED Perspective on Raising the Long-term Standard of Living. Retrieved September 27, 2017, from  https://www.ced.org/pdf/How-Economies-Grow.pdf 
Global Economy Guide. (2017). Economic Growth and Development. Retrieved September 27, 2017, from http://www.theglobaleconomy.com/guide/article/108/
Villamil, J.C. (2009, October). How do Agglomeration Economies Affect the Development of Cities? Retrieved from North University website:  http://rcientificas.uninorte.edu.co/index.php/economia/article/view/1926/6111 
 
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Bond Investing and Reflection

Words: 386 Length: 2 Pages Document Type: Essay Paper #: 18080994

Bonds
I do not feel that now is a good time to invest in long-term bonds. The reason is this – the value of long-term bonds decreases as interest rates increase. As this looks like an increasing interest rate environment, long-term bonds look like they would come with an opportunity cost. Short-term bonds would be a better investment in this environment..
There is a Federal Reserve rate increase expected this week, but that has already been priced into the bond market (Robb, 2017). The idea of the Fed increase is that it will place a constraint on economic growth, in which case the current economic expansion will continue "at a steady pace without overheating" (Robb, 2017). Indeed, the Fed has already cautioned that if the market does not respond with slowing conditions that "All else equal, an easing of financial conditions may warrant a somewhat steeper policy rate path." (Robb,…… [Read More]

References

Hayes, D. (2017). Bond basics tutorial. Investopedia. Retrieved December 11, 2017 from https://www.investopedia.com/university/bonds/bonds3.asp

Robb, G. (2017). Here\\'s why the Fed will hike interest rates on Wednesday. Marketwatch. Retrieved December 11, 2017 from https://www.marketwatch.com/story/heres-why-the-fed-will-hike-interest-rates-2017-12-11


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Economics Growth the Retailer Sector Was Lately

Words: 3394 Length: 8 Pages Document Type: Essay Paper #: 93111117

Economics

Growth The retailer sector was lately affected by the back-to-school shopping season, which did not start so well, as midprice department stores, discounters and specialty-apparel retailers announced disappointing sales results during August, which reinforced the already much debated concerns that consumers are not comfortable with the current state of the economy and are reluctant to consume, considering the shaky and uneven economic recovery.

However, luxury department-store chains managed to post significant earnings, as they benefited from the help of an important number of upscale shoppers. Still, the effects of higher gas prices and the rising value of grocery bills, combined with lackluster job growth were severely felt by moderate- and lower-income shoppers.

Michael Niemira, chief economist and director of research at the International Council of Shopping Centers feels that "There's weaker-than-expected performance," due to the fact that "there was a slowdown in spending, but some results are exaggerated by…… [Read More]

References

1. Higher energy prices depress overall economy. Charles Stein.

Knight Ridder Tribune Business News. Washington:

Aug 6, 2004. On the Internet at http://gateway.proquest.com.libproxy.unm.edu/openurl-url_ver=Z39.88-2004&res_dat=xri:pqd&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&genre=article&rft_dat=xri:pqd:did=000000674708321&svc_dat=xri:pqil:fmt=text&req_dat=xri:pqil:pq_clntid=2877

2. Retailers' Sales Come In Weaker Than Expected; Soft Results Reinforce Fears About Consumer Confidence; Discounters Saw Biggest Hit. Kortney Stringer.
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Growth Theory

Words: 7085 Length: 25 Pages Document Type: Essay Paper #: 18556923

Economics of New Ideas and Innovations

This research paper discusses the economics of a new idea. Without new ideas and inventions, the economy might very well become stagnant or decline, as predicted by many early economists, who did not understand that impact that ideas and innovative technology had on global markets.

Technology is endogenous in the new growth theory, which holds that technology is a function of the capital and labor used to develop technology, the technology used in that process, and the economic environment. For the purpose of this paper, technology refers to the methods and tools that are used to generate with new ideas and more efficient ways of producing goods and services.

Ideas and technical innovations are crucial to the economy. If a country wants to grow, it must create an environment that encourages entrepreneurs and innovators to generate new ideas. Creating an economic environment that promotes…… [Read More]

Bibliography

Boneuve, K. (2001). Driving Innovation Through Software. The Software & Information Industry Association.

Clement, Douglas. (September, 2002). Creation Myths. The Region.

Farrell, Christopher. (1994). Economists for an Expanding Universe. McGraw-Hill Companies Inc.

Juma, C. 1989. The Gene Hunters: Biotechnology and the Scramble for Seeds. Princeton: Princeton University Press.
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Economic Indicators the Change in the United

Words: 1290 Length: 4 Pages Document Type: Essay Paper #: 81595418

Economic Indicators

The change in the United States Real Gross Domestic Product (GDP) ratings has shown both ups and downs in the U.S. economy over the last two years. In the most recent quarter, the first quarter of 2011, the U.S. GDP increased over 2%. hile the GDP has increased every quarter since mid-2009, the quarterly increase in each of the last four reported periods was weaker than the quarterly increase between mid-2009 and early 2010. Overall, however, the recent increases suggest the U.S. economy is recovering from the recent recession.

In 2008, as the United States was entering a period of recession, the real GDP decreased in three of the four quarters of the year, and increased only slightly in the fourth. The GDP trended downward from the beginning of the year, where the real GDP decreased by around 1% in the first quarter, to the end, when the…… [Read More]

Work Cited

FOXNews.com. (December 4, 2008.) "Detroit's Big Three Consider Bailout With Strings Attached." Retrieved May 11, 2011 from http://www.foxnews.com/politics/2008/12/04/detroits-big-consider-bailout-strings-attached/

King, Danny. (January 26, 2011.) "Gallup Poll: How Underemployment Hurts the Economy." Retrieved May 11, 2011 from Daily Finance at  http://www.dailyfinance.com/2011/01/26/gallup-poll-how-underemployment-hurts-the-economy/ 

Whitehouse, Mark. (April 30, 2011.) "Number of the Week: Millions Set to Lose Unemployment Benefits." Retrieved May 11, 2011 from the Wall Street Journal at  http://blogs.wsj.com/economics/2011/04/30/number-of-the-week-millions-set-to-lose-unemployment-benefits/
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Economic Trends in Terms of Output and

Words: 1232 Length: 4 Pages Document Type: Essay Paper #: 87710504

Economic Trends

In terms of output and growth, Canada's real GDP was 2.96% higher than it was a year ago, but the growth trend is slowing down from a growth rate high of 3.81% in Q3 2010. Japan's economy has contracted in Q2 2011 by 0.76%. It's rate has been volatile, growing rapidly over the past year only to contract again. The UK's growth rate is 1.63%, and that country has had fairly stable, if sluggish, real GDP growth. The current GDP growth rate in the United States is 2.33%. Real GDP growth is on a downward trend in the U.S. But has maintained healthy levels since Q4 2009.

All four countries were affected by the recession. Each experienced real GDP declines during the 2008-2009 period. Japan was the hardest hit. Yet each nation recovered in 2010, only to see the rate of economic growth slow again in 2011.

Canada…… [Read More]

Works Cited:

BoC. (2011). Inflation control target. Bank of Canada. Retrieved October 20, 2011 from http://www.bankofcanada.ca/monetary-policy-introduction/framework/inflation-control-target/

Estrella, A. & Trubin, M. (2006). The yield curve as a leading indicator: Some practical issues. Federal Reserve Bank of New York. Retrieved October 20, 2011 from http://www.newyorkfed.org/research/current_issues/ci12-5/ci12-5.html

Investopedia. (2011). Yield curve. Investopedia. Retrieved October 20, 2011 from  http://www.investopedia.com/terms/y/yieldcurve.asp#axzz1VCSWJAY8 

St. Louis Fed. (2011). International economic trends: August 2011. Federal Reserve Bank of St. Louis. Retrieved October 20, 2011 from http://research.stlouisfed.org/publications/iet/
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Economics of International Trade China Exploring the

Words: 1318 Length: 4 Pages Document Type: Essay Paper #: 34964020

Economics of International Trade China

Exploring the Economics of International Trade: China

"Chinese international trade has experienced rapid expansion together with its dramatic economic growth which has made the country to target the world as its market," and its expansion has only continued to show powerful growth within the international economic marketplace (Sun & Heshmati, 2010, p 1). After China was reopened to trading with the West in 1978, the country has really took off in becoming one of the world's biggest producers and exporters of a plethora of different goods. China has grown tremendously as nations like the United States have become their biggest trading partners. In response, China has helped refuel this growth with the manipulation of their currency and their heavy investment in the U.S. dollar, which ensures them a more competitive position for their exports.

For generations, China had closed itself off to trading and interacting…… [Read More]

References

American Manufacturing. (2012). China and currency manipulation. Issues. Web. Retrieved September 4, 2012 from http://americanmanufacturing.org/category/issues/china/china-and-currency-manipulation

Barboza, David. (2012). Business and economy in China. New York Times. Web. Retrieved September 4, 2012 from http://topics.nytimes.com/topics/news/international/countriesandterritories/china/business_and_economy/index.html

Congress Quarterly. (1999). The consumer culture. CQ Researcher, 9(44), 1001-1016.

Manzay, Terrance. (2010). China export industry dominates worldwide. Article Snatch. Web. Reprieved September 4, 2012 from http://www.articlesnatch.com/Article/China-Export-Industry-Dominates-Worldwide/3853472#.UEZqYKNIuHY
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Economics Simply Relates to the

Words: 565 Length: 2 Pages Document Type: Essay Paper #: 76167885

The need for the preservation of these resources is because of the fact that it is finite or limited. Abused utilization of these resources will deplete it and will eventually endanger the future inhabitants of the earth, leaving them nothing for the production of their own needs. Without the resources, there will be nothing to work on in the first place. Achievement of economic stability is the first step in order to achieve the other social goals. Since there are resources, there can be economic efficiency whereby goods can be produced at a lowest possible cost because of the availability of resources. Economic freedom or the right of a man to engage in voluntary economic activities, economic equity or justice particularly in terms of taxation and welfare economics, and economic security or security in employment can be settled between the government and the people in order to achieve them. All…… [Read More]

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Economic Crisis Policies US Current Economic Crisis

Words: 2366 Length: 8 Pages Document Type: Essay Paper #: 30617442

Economic Crisis Policies

US current economic crisis is considered to be started from real estate sector. The real sector started to decline in 2006 and it accelerated in 2007 and 2008. Housing prices have fallen from the peak from about 25% so far. The decline in prices left homeowners with no option and they were unable to refinance their mortgages and causes default of mortgages. This default of mortgages and loans swallowed the banks and financial markets such as falling of Lehman's brothers and other anks and blow to rest of economy happened as the whole economy was relying on banks and ultimately it slows down investment in the country and capital flows to other parts of the world like China and India. ank losses cause reduction of bank capital which in turn requires capital reduction thus saving bank from lending. It is estimated that every $100 loss and reduction…… [Read More]

Bibliography

ISR international socialist review. (2009, april). Retrieved from The U.S. economic crisis:causes and solutions: http://www.isreview.org/issues/64/feat-moseley.shtml

Journal of accountancy. (2009, october). Retrieved from The U.S. economic crisis: root causes and road to recovery: www.journalofaccountancy.com/Issues/2009/Oct/20091781

Eyes on wall street. (2011, april). Retrieved from Levin coburn investigates casues of financial crisis: http://www.eyesonwallstreet.com/2011/04/articles/financial-crisis/levincoburn-report-investigates-causes-of-the-financial-crisis/

Rude, C. (2009). World Economic Crisis and Fed Reserve Response to it. Studies in Political Economy.
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Economics Is the Study of

Words: 931 Length: 3 Pages Document Type: Essay Paper #: 54684209

If there is a risk that one of the family members will lose his or her job, that will add risk to the purchase decision. The riskier the purchase decision, the lower the price will need to be in order to compensate for that. Another factor here is the expected change in housing prices or interest rates. Buyers are inclined to enter the market if they believe that the cost of home ownership will be higher next year, but they may delay purchases if they believe that costs will be lower next year.

ith new home sales last summer, the dip could be in part due to worries about a double-dip recession. The summer was characterized by an inane fight over the debt ceiling, something that shattered confidence of many in the political system, and some of the key actors within that system. A fractured political system is one that…… [Read More]

Works Cited:

Hauser, C. (2011, Aug 24). Sales of new homes fell again in july. New York Times, pp. B.6-B.6.  http://search.proquest.com/docview/884825381?accountid=35812
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Economic Final Report

Words: 1491 Length: 4 Pages Document Type: Essay Paper #: 81471613

Economic Systems:

An economic system is basically described as specific set of principles that addresses the production, distribution, and consumption of products and services. The involved parties in the production, distribution, and consumptions processes are usually determined by or dependent on the economic system. Throughout the history of humanity, different types of economic systems have evolved because different societies have placed varying emphasis on distinctive goals and priorities as part of their efforts to obtain answers to certain economic questions. In addition, the difference in economic systems is fueled by the tendency by different societies to develop very broad economic approaches to manage their resources. One of the main reasons for the development of different economic systems is to address the challenge of scarcity. The challenge of scarcity is an essential problem that confronts individuals and nations. hile there are four major types of economic systems recognized by economists, there…… [Read More]

Works Cited:

"Economic Systems." Hilliard Bradley High School. Hilliard Bradley High School, n.d. Web. 18 Mar. 2013. .

"Factors of Production." Enotes.com - Study Smarter. Enotes.com, Inc., n.d. Web. 18 Mar. 2013. .

"Types of Economic Systems." Economic Systems. Shmoop University, Inc., n.d. Web. 18 Mar. 2013. .
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Growth Hong Kong and Singapore

Words: 730 Length: 2 Pages Document Type: Essay Paper #: 90288304

The country has traditionally relied on growing its workforce as a means of increasing its economic capabilities. hile Hong Kong has done the same in the past, its policy has diverged at this point. Faced with an influx of labour from the PRC, Hong Kong now faces a situation where it needs to focus on bringing in high-end labour, rather than the unskilled labour that is currently flooding in. Singapore shares a similar need, but has less space for new arrivals. A more open border with Johor Bahru on the mainland gives Singapore the ability to house labour out of the country that Hong Kong does not enjoy, but could encourage businesses to relocate there as well, to Malaysia's benefit.

Singapore has also focused on trade more than Hong Kong has. Traditionally, Singapore has adopted a role as a trade hub, where Hong Kong was a finance and insurance hub.…… [Read More]

Works Cited:

CEDB. (no date). Home page. Commerce and Economic Development of Hong Kong. Retrieved March 15, 2013 from  http://www.cedb.gov.hk/about/index.htm 

Chen, S. (2013). Singapore GDP growth beats initial estimate as Asia recovers. Bloomberg. Retrieved March 15, 2013 from http://www.bloomberg.com/news/2013-02-22/singapore-economy-expanded-more-than-expected-in-fourth-quarter.html

Hong Kong Economic and Trade Office. (2009). Hong Kong's growth strategy linked to six new industries. Hong Kong Economic and Trade Office, Canada. Retrieved March 15, 2013 from  http://www.hketotoronto.gov.hk/newsletters/hkn0910/policy.htm 

Lim, L. (2008). Singapore's economic growth model -- too much or too little? University of Michigan. Retrieved March 15, 2013 from  http://www.fas.nus.edu.sg/ecs/scape/doc/24Oct08/Linda%20Lim.pdf
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Growth Rate Slow Model 1992 Is an

Words: 2590 Length: 9 Pages Document Type: Essay Paper #: 79942475

Growth ate

Slow model (1992) is an economic tool used to analyze a country economic growth. The principal conclusion of Slow model is that the accumulation of capital could not only account for the growth rate per person. To address the central question of economic growth, it is critical to move beyond the Slow model. Mankiw et al. (1992) incorporate economic tools such as FDI growth rate, trade, inequality, institutional quality and other core variables such as labor and capital to analyze the growth rate across countries,.

Objective of this paper is to use the core economic variables and non-core economic variables to investigate their potential impacts on the United States growth rates.

Overview of the United States Growth ates

The United States is the largest and most powerful economy in the world. Presently, the U.S. has the highest level of output with the country GDP valued more than U.S.$14…… [Read More]

References

Andrew, W. (2007). The link between institutional quality and economic growth: evidence from a panel of countries. Master's Thesis.

Country Watch (2012).United States Economic Overview. CountryWatch, Inc.

Freckleton, M. Wright, A. & Craigwell, R.(2012). Economic growth, foreign direct investment and corruption in developed and developing countries. Journal of Economic Studies. 39 ( 6):639 -- 652.

Kornecki, L. & Borodulin, V.(2011). Foreign Direct Investment Stock Contributes to Economic Growth in the U.S. Economy. Department of Economics, Finance, and Information System.
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Economic and Trade Development the

Words: 2664 Length: 8 Pages Document Type: Essay Paper #: 3379747

(Buchanan, 72)

The economic policy tools that were employed just after the war subsequently underwent some changes. From 1947 to 1950 direct controls on wages and distribution were eliminated followed by removal of trade controls in 1958. However, the government continued to maintain its hold over prices and credit distribution which made it different from many of its neighboring states in the postwar period. The French Ministry of Finance exerted greater control over the economy than the Bank of France. This led to a greater predilection to resort to devaluation when external equilibrium resulted due to the state failure to control incomes. In France, the period between 1945 and 1975 was known as the "thirty glorious years" because of the phenomenal economic performance. During this period, the average growth rate of GDP was around 6.8% which was quite remarkable considering that Britain's average GDP growth rate was 2.4% and Germany's…… [Read More]

References

Bathelt, Harald; Wiseman, Clare; Zakrzewski, Guido. Unit 1: Post-war development and structure of the German economy.

Buchanan, Tom. Europe's troubled peace, 1945-2000.

Wiley-Blackwell, 2006.

DeLong, J. Bradford. Grasping reality with both hands: A Fair, Balanced, Reality-Based,
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Economic Challenges Canada Faces in Recent Years

Words: 2957 Length: 10 Pages Document Type: Essay Paper #: 67866735

Economic Challenges Canada Faces

In recent years, the challenging economic condition in Canada has emerged as a concern for citizens, policy makers and the government alike. Canada faces challenges in terms of creating a more innovative society, as the country continues to experience a significant productivity gap compared to other advanced industrial economies. The Canadian industry appears to be slower in successfully developing, applying and marketing innovative products, processes and services than a majority of other nations. This lack of innovation is the cause of Canada's low productivity growth and competitiveness, and therefore must be addressed in order to increase employment growth, a higher standard of living and an improved quality of life for all Canadians.

Current research predicts that although Canada's economic performance will gradually strengthen out of the recent mild slowdown into a better pattern of growth in 2004, Canada's economy still faces the longer-term challenge of increasing…… [Read More]

Bibliography

Department of Finance Canada. (2004). The Economy in Brief. Retrieved March 8,

2005, from the Department of Finance Web site: http://www.fin.gc.ca/ECONBR/ecbr04- 12e.html

Economic Survey Canada. (2004). Building Partnerships for Progress. Retrieved March 8, 2005, from the Economic Survey Canada Web site: http://www.oecd.org/document/24/0.02340.en_2649

Environment Canada, Informing Canadians on Pollution. (2002) Highlights of the 2002 National Pollutant Release Inventory, Environment Canada.
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Economic Analysis the United States

Words: 1318 Length: 5 Pages Document Type: Essay Paper #: 7416249

08% 2.42% 2.78% 2.57% 2.69% 2.69% 2.54% 2006 3.99% 3.60% 3.36% 3.55% 4.17% 4.32% 4.15% 3.82% 2.06% 1.31% 1.97% 2.54% 3.24% 2005 2.97% 3.01% 3.15% 3.51% 2.80% 2.53% 3.17% 3.64% 4.69% 4.35% 3.46% 3.42% 3.39%

Trade deficit

The United States trade balance has been showing deficit since the 1970s, but the rapid growth of trade deficit started in 1997. The highest record of trade deficit was marked last year, as deficit of 2006 was equal to 763.6 billion dollars, which is 6.5% higher than in 2005. Yet, general observations show that negative trade balance has no negative impacts on GDP growth, in fact it had been observed that trade deficit was higher during years with higher GDP growth:

In those years since 1980 in which the current account deficit actually shrank as a share of GDP, real GDP growth averaged 1.9%.

In those years in which the deficit grew modestly,…… [Read More]

Bibliography

Bernstein, Jared (2007) Moderate top-line growth masks underlying weakness. Retrieved July, 26 2007 from the Economic Policy Institute Web site: http://www.epi.org/content.cfm/webfeatures_econindicators_jobspict_20070706

Griswold, Daniel (2007) Are Trade Deficits a Drag on U.S. Economic Growth? Retrieved July, 26 2007 from Free Trade Bulletin Web site: http://www.freetrade.org/node/598

Goodman, Peter S. (2007) Oil Prices, Imported Goods Push Trade Gap to Record: Growth Forecasts Cut; Democrats Urge Action. Washington Post

US Census Bureau Web site:  http://www.census.gov
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Economic Miracle Japan 1946-1973 Japan

Words: 2610 Length: 8 Pages Document Type: Essay Paper #: 3449384

Energy costs increased substantially and the yen's exchange rate was shifted to a floating rate. The eventual recession reduced expectations of future growth and reduced private investment. Economic growth went down from 10% to 3.6% during the period 1974-79 and to 4.4% in the decade of the 80s. ut despite the oil crisis and its consequences, Japan's major export industries stayed competitive through its cost-cutting policy and increasing efficiency. It reduced industrial energy demands and allowed the automobile industry, along with other industries, to improve. y the late 70s, the computer, semiconductor and other technology and information-intensive industries entered a period of rapid growth. During this high-growth era, exports continued to support Japan's robust economic growth in the 70s and in the 80s. However, the problems encountered on account of its growing balance of payments surplus urged for the opening of domestic markets and a stronger focus on domestic demands…… [Read More]

Bibliography

Answers.com. (2007). Shigeru Yoshida. 4 pages. Encyclopedia Britannica: Answers Corporation

Bernier, B. (1980). The Japanese peasantry and economic growth since the land reform of 1946-47. 40 pages. Vol 12 issue 1. Bulletin of Concerned Asian Scholars: Questia Media America, Inc.

Luu, L.T. et al. (1996). Summary report on Japan. Team # 6. Chinman: University of Hawaii..

Retrieved March 14, 2007 at http://www2/hawai.edu/~chiman/file2,htm
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Economic Change in Saskatchewan

Words: 771 Length: 3 Pages Document Type: Essay Paper #: 91941098

Economic Growth

Economic Change in Saskatchewan

"If there were a change in Saskatchewan's economic circumstances from one of "boom" to one of "normal" or "bust," which current areas of government activity would you expect to be affected by this change, and, what would you expect the government's policy response to be to adapt to these new economic conditions?"

Currently, Saskatchewan was seen significant and rapid development in economic activity. The province has been able to take advantage of the rich supply of natural resources and exports many commodities to global markets. Much of the growth that the area has experienced can be attributed to the growth of potash and oil. However, these resources may not sustain the levels of economic growth that the region has experienced indefinitely. If Saskatchewan does not work to diversify its economy then the economic boom that it has experienced could slowly dwindle away. Furthermore, if…… [Read More]

Works Cited

Craig, M. (2014, April 9). Challenges ahead to sustain Saskatchewan's rate of economic growth. Retrieved from Global News: http://globalnews.ca/news/1261615/sustaining-our-economic-growth/

Government of Saskatchewan. (N.d.). Economy. Retrieved from Government of Saskatchewan: http://www.gov.sk.ca/Default.aspx?DN=8f48fa79-d320-48d8-bc6a-f414d4c59694

Government of Saskatchewan. (N.d.). The Saskatchewan Plan for Growth. Retrieved from Government of Saskatchewan: http://www.saskatchewan.ca/government/budget-planning-and-reporting/plan-for-growth

The Institute of Certified Management Consultants of Saskatchewan. (N.d.). The Role of Urban Communities in Sustaining. Retrieved from CMC: http://www.cmc-canada.ca/documents/thinkbigsk/CMCSK-EconomicReview-April2014.pdf
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Growth & Development That Africa

Words: 1569 Length: 5 Pages Document Type: Essay Paper #: 76867067

Governments will not provide public goods to those they mistrust, as they will not expect to be able to collect taxes at a later date. In Africa, this again can be related to ethnic tensions -- governments and regions from different ethnic groups may have mutual mistrust that predates the colonial era.

Conclusions

Every nation will develop in its own way. For the most part, however, specific antecedents to development can be identified. Strong government is essential as lack of security will reduce investment -- both domestic and international -- and thus stifle economic growth. Strong government must nonetheless not confuse the rule of law with a mandate to expropriate wealth. The government will need to tax, but must do so only in accordance with the needs of the region for public goods. At some point, trust will need to be developed between the government and the people of the…… [Read More]

Works Cited:

Acemoglu, D. 2005. Politics and economics in weak and strong states. Journal of Monetary Economics. Vol. 52 (2005): 1199-1226.

Herbst, J. 1990. War and the state in Africa.

Acemoglu, D. & Robinson. Economic Structure and Democracy.

Aryeetey, E. 2004. Financing Africa's future growth and development: Some innovations. Institute of Statistical, Social and Economic Research. 1-44.
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Economic Performance Under the Bush

Words: 909 Length: 3 Pages Document Type: Essay Paper #: 8118961



One of the other key measures of our economy is the unemployment rate. This measure provides something of a counterpoint to a growing GDP. The unemployment rate increased in October 2008 to 6.5%. The ability to find meaningful work is a key component of GPI, yet the GDP can grow even if unemployment is high. One of the reasons is that the GDP does not measure wealth distribution. The wealth gap has increased over the past eight years. Average household wealth has increased, but the rate of increase is faster in the top quartile of households. Real wealth in the lower quartiles has stagnated. Again, the GDP would measure the wealth as having grown nationally. But over the past eight years wealth distribution has worsened. hile this clearly constitutes economic success for some individuals, it does not constitute economic success for the majority.

The current account deficit has continued to…… [Read More]

Works Cited

Cobb, Clifford; Halstead, Ted & Rowe, Jonathan. (1995). If the GDP is up, why is America down? The Atlantic. Retrieved November 9, 2008 at http://www.theatlantic.com/politics/ecbig/gdp.htm
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Economic Environment Analysis for a

Words: 1206 Length: 3 Pages Document Type: Essay Paper #: 81055331

00). This is below the EU, where they have a rating of 42 or a PPP of $32,500.00. (Czech epublic 2010) 1 When you compare the two numbers, the purchasing power is lower in the Czech epublic in comparison with the EU. This means, that labor costs are much lower in relation to the rest of Europe. When you put this together with the increases in the GDP over the last two quarters and the fact that the banking sector, was undamaged from the financial crisis; means the Czech epublic has outstanding opportunities for addressing the needs of the company. As the country's costs, the business friendly atmosphere and prudent practices of government policies are creating the ideal environment for a European call center to flourish.

isks

Despite the obvious advantages, there are risks of relocating to the Czech epublic the most notable would include: the underlying cost structure. While…… [Read More]

Reference List

1. Czech Republic, 2010, CIA World Factbooks. Available from
2. GDP Growth Exceeds 2%, 2010, Prague Monitor. Available from [28 August 2010].

3. OECD, 2010, 'Assessment and Recommendation,' OECD Economic Surveys, OECD Publishing, pp. 9-19.

4. One if Five Companies Consider Moving, 2010, Eurofund. Available from [28 August 2010].
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Economics While the U S Is Only Showing

Words: 1874 Length: 5 Pages Document Type: Essay Paper #: 90964717

Economics

hile the U.S. is only showing the first signs of recovery from the global economic crisis, other nations such as Australia and China have recovered much more quickly. There are a number of factors that have contributed to the disparity in economic performance in the past three years in these different nations. In particular, three factors will be considered. The first is the situation in each country at the outset of the crisis. As the crisis was largely precipitated by a credit crunch, the differences between the structure and regulation of the banking sectors in each country will be given particular attention. The second factor will be the response on the part of each federal government to the crisis. The third factor will be the nature of the different economies -- the degree to which different structures have impacted the recovery process. Lastly, policy implications will be drawn for…… [Read More]

Works Cited:

BEA. (2011). National income and product accounts table. Bureau of Economic Analysis. Retrieved March 4, 2011 from http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=1&ViewSeries=NO&Java=no&Request3Place=N&3Place=N&FromView=YES&Freq=Year&FirstYear=2007&LastYear=2010&3Place=N&Update=Update&JavaBox=no#Mid

Chinability.com. (2010). GDP growth in China 1952-2009. Chinability.com. Retrieved March 4, 2011 from  http://www.chinability.com/GDP.htm 

Jones, F. (2011). Krugman: Stimulus didn't fail because it never happened. Moneynews.com. Retrieved March 4, 2011 from http://www.moneynews.com/StreetTalk/paul-Krugman-Stimulus-Didnt/2011/02/16/id/386333

Maiden, M. (2009). Australia's banking sector is as strong as a brick outhouse. The Age. Retrieved March 4, 2011 from  http://www.theage.com.au/business/australias-banking-sector-is-as-strong-as-a-brick-outhouse-20090506-avdj.html
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Economic Indicators Are Used to Measure the

Words: 1305 Length: 4 Pages Document Type: Essay Paper #: 43863270

Economic indicators are used to measure the financial health of the economy. There are many methods and tools for measuring the economy and every economist has his favorite method. The health of the economy is measured by tracking certain indicators. Different economists use these indicators in various combinations. Some economists place more or less weight on different ones in making their predictions about which direction the economy will go. It is important to note the differences in measurement when assessing the opinions of popular economists of today.

This paper will be primarily concerned with the indicators, which would indicate whether we are currently in an inflationary economy or a deflationary economy. A recession occurs when real GDP declines for two successive quarters. However, the National Bureau of Economic Research (NBER) officially defines a recession as a "significant decline in activity spread across the economy, lasting more than a few months."…… [Read More]

Works Cited

Canto, Victor A. Crisis Revisited. Bizjpirnals.com. 2002. http://sanjose.bizjournals.com/sanjose/stories/2002/03/04/daily12.html. Accessed April

Clifford, Stephanie. How to keep tabs on the United States economic health.

Cheat Sheet: A Civilian's Guide to the Economy. 2002 Business 2.0 Media Inc. August 2001 Issue. http://www.business2.com/articles/mag/0,1640,16701|5,FF.html. Accessed Hester, William. Focus on Fed Funds. Bloomberg.com. October 1999. http://www.bloomberg.com/personal/archives/mw_A9910_econ.html. Accessed April 22,

Morrison, Joanne UPDATE 1-U.S. fourth-quarter GDP growth revised higher. Reuters News